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1626360
registered interest false more like this
date less than 2023-05-09more like thismore than 2023-05-09
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading High Income Child Benefit Tax Charge more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of allowing a person to transfer a proportion of the £50,000 earnings threshold to their partner whose individual income exceeds the threshold for the High Income Child Benefit Charge. more like this
tabling member constituency Linlithgow and East Falkirk more like this
tabling member printed
Martyn Day remove filter
uin 184136 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2023-05-15more like thismore than 2023-05-15
answer text The High Income Child Benefit Charge (HICBC) is a tax charge which was introduced in 2013 for recipients of Child Benefit payments on higher incomes. The HICBC applies to Child Benefit recipients who have, or whose partner has, an adjusted net income of £50,000.<p> </p><p>The UK has a system of independent taxation where every individual, including each partner in a couple, is treated equally within the income tax system and has their own personal allowance and set of rate bands which they can set against their own income. It is a fundamental principle of independent taxation that the individual incomes are taxed separately, and this ensures independence and privacy in their tax affairs. Allowing transfers of income between partners would run counter to this principle.</p> more like this
answering member constituency Salisbury more like this
answering member printed John Glen more like this
question first answered
less than 2023-05-15T14:26:32.197Zmore like thismore than 2023-05-15T14:26:32.197Z
answering member
4051
label Biography information for John Glen more like this
tabling member
4488
label Biography information for Martyn Day more like this